Auto Stocks Outlook For The Week - 08 To 12.10.2018
Stocks of major automobile manufacturers are likely to fall further next week, in line with the broader market, and amid concerns over the profitability of these companies for the quarter ended September. The Nifty Auto index fell 3.2% yesterday and 7% during the week due to disappointing data on sales of Mahindra & Mahindra Ltd and Eicher Motors for September. Next week, the broader market is likely to fall further, given the change in Reserve Bank of India's monetary policy stance to 'calibrated tightening' from 'neutral' and clear statements that rates are best set to remain at current
levels, and rise in the worst case. Also fear that automobile companies may not see profit growth for the quarter ended September. The slowdown is (likely to be) more pronounced in domestic auto, which is likely to post flat profit growth (in Jul-Sep) versus 20% average growth over the past four years.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Equity Cash/Futures/Options Segment
Register for Daily Rs 2000/- Profit in Stock Options
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Stocks of major automobile manufacturers are likely to fall further next week, in line with the broader market, and amid concerns over the profitability of these companies for the quarter ended September. The Nifty Auto index fell 3.2% yesterday and 7% during the week due to disappointing data on sales of Mahindra & Mahindra Ltd and Eicher Motors for September. Next week, the broader market is likely to fall further, given the change in Reserve Bank of India's monetary policy stance to 'calibrated tightening' from 'neutral' and clear statements that rates are best set to remain at current
levels, and rise in the worst case. Also fear that automobile companies may not see profit growth for the quarter ended September. The slowdown is (likely to be) more pronounced in domestic auto, which is likely to post flat profit growth (in Jul-Sep) versus 20% average growth over the past four years.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
